Regatta Capital Group LLC Sells 5,770 Shares of Williams-Sonoma, Inc. (NYSE:WSM)

Regatta Capital Group LLC lowered its holdings in Williams-Sonoma, Inc. (NYSE:WSM) by 22.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 20,227 shares of the specialty retailer’s stock after selling 5,770 shares during the quarter. Williams-Sonoma comprises approximately 0.7% of Regatta Capital Group LLC’s holdings, making the stock its 27th biggest holding. Regatta Capital Group LLC’s holdings in Williams-Sonoma were worth $3,746,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Smithfield Trust Co lifted its position in Williams-Sonoma by 100.0% during the third quarter. Smithfield Trust Co now owns 160 shares of the specialty retailer’s stock worth $25,000 after purchasing an additional 80 shares during the period. Cassady Schiller Wealth Management LLC grew its position in Williams-Sonoma by 100.0% in the third quarter. Cassady Schiller Wealth Management LLC now owns 166 shares of the specialty retailer’s stock valued at $26,000 after acquiring an additional 83 shares during the last quarter. Brooklyn Investment Group bought a new position in shares of Williams-Sonoma in the third quarter worth about $28,000. Clean Yield Group acquired a new stake in shares of Williams-Sonoma in the 3rd quarter valued at approximately $30,000. Finally, HM Payson & Co. increased its position in Williams-Sonoma by 100.0% during the 3rd quarter. HM Payson & Co. now owns 200 shares of the specialty retailer’s stock worth $31,000 after purchasing an additional 100 shares in the last quarter. Institutional investors and hedge funds own 99.29% of the company’s stock.

Insider Buying and Selling

In related news, CFO Jeffrey Howie sold 3,160 shares of the firm’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $177.39, for a total transaction of $560,552.40. Following the completion of the sale, the chief financial officer now owns 46,388 shares in the company, valued at approximately $8,228,767.32. This trade represents a 6.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Laura Alber sold 45,000 shares of the stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $207.76, for a total transaction of $9,349,200.00. Following the transaction, the chief executive officer now directly owns 944,666 shares of the company’s stock, valued at $196,263,808.16. This represents a 4.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 88,160 shares of company stock worth $15,129,352. 1.50% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Morgan Stanley boosted their target price on shares of Williams-Sonoma from $170.00 to $195.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 21st. Evercore ISI raised their price objective on shares of Williams-Sonoma from $140.00 to $180.00 and gave the company an “in-line” rating in a report on Thursday, November 21st. Barclays upped their price target on shares of Williams-Sonoma from $116.00 to $123.00 and gave the company an “underweight” rating in a research report on Thursday, November 21st. Loop Capital lifted their price target on shares of Williams-Sonoma from $145.00 to $180.00 and gave the stock a “hold” rating in a report on Thursday, November 21st. Finally, Royal Bank of Canada increased their price objective on Williams-Sonoma from $162.00 to $189.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Williams-Sonoma currently has a consensus rating of “Hold” and a consensus price target of $163.16.

Williams-Sonoma Stock Performance

Shares of WSM stock opened at $213.91 on Friday. The company has a market capitalization of $26.33 billion, a price-to-earnings ratio of 25.30, a PEG ratio of 3.21 and a beta of 1.79. Williams-Sonoma, Inc. has a 52-week low of $95.76 and a 52-week high of $214.42. The company has a 50-day simple moving average of $187.30 and a two-hundred day simple moving average of $157.75.

Williams-Sonoma Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, January 17th will be given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date of this dividend is Friday, January 17th. Williams-Sonoma’s payout ratio is 26.97%.

About Williams-Sonoma

Williams-Sonoma, Inc operates as an omni-channel specialty retailer of various products for home. It offers cooking, dining, and entertaining products, such as cookware, tools, electrics, cutlery, tabletop and bar, outdoor, furniture, and a library of cookbooks under the Williams Sonoma Home brand, as well as home furnishings and decorative accessories under the Williams Sonoma lifestyle brand; and furniture, bedding, lighting, rugs, table essentials, and decorative accessories under the Pottery Barn brand.